US tariffs are paid almost entirely by Americans, a German study finds

A favorite tool of President Donald Trump has been costing Americans, according to new study. The brunt of US tariffs — 96% — have been paid by US buyers, research from the Kiel Institute for the World Economy, a German think tank, found, while about 4% of the tariff burden was paid by foreign exporters."American importers and consumers bear nearly all the cost," the researchers said of the tariffs. The study, published Monday, said that the $200 billion increase in customs revenue that the US government ...